727-729 Monroe St

—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Investor's Dream! Cash Flow of $3,000+ Rent! 5-Unit Complex with Expansion Potential in the attic for a 6th unit. Current tenants generate excellent rental income and fully occupied. Prime Location & Convenience for tenants with city bus and grocery store just around the corner. Extensive Updates: Major systems have been addressed over the last 10 years, including: Newer furnaces (3 units have Central A/C) Metal Roof resealed aprox 8 years ago. Separate Utilities (except Owner currently pays utilities...Investor's Dream! Cash Flow of $3,000+ Rent! 5-Unit Complex with Expansion Potential in the attic for a 6th unit. Current tenants generate excellent rental income and fully occupied. Prime Location & Convenience for tenants with city bus and grocery store just around the corner. Extensive Updates: Major systems have been addressed over the last 10 years, including: Newer furnaces (3 units have Central A/C) Metal Roof resealed aprox 8 years ago. Separate Utilities (except Owner currently pays utilities for two units (727 1/2 and 1030). Washer/Dryer hookups in 2 units. Start Building Your Portfolio Today! Don't miss this chance to acquire a solid, income-producing asset with significant upside., Separate Electric Meters, Separate Gas Meters, Washer/Dryer Hook Up, HiSpd Intrnt Fiber Avail
  1. Listed by Carol Shaffer • Bower & Associates, Inc., REALTORS

Property Details for 727-729 Monroe Street

Area
Quincy
Num Of Parking Spaces
0.0
Heat/Fuel
Forced Air
Zoning
COMMR
LISTING UPDATED: 12/31/2025 04:23 AM

Property Details for 727-729 Monroe Street

StatusClosed
MLS #12396761
Days on Market197
Taxes$2,048 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income / Two to Four Units
Year Built-
Lot Size0.08 AC / 3,484 SF
CountyAdams County

Location

Add your commute

Building Information for 727-729 Monroe Street

Stories-Residences5Year Built-Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$1,340 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,170

Property Taxes

$171

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 727-729 Monroe Street

General Information
School Information
  • Elementary School: Lincoln-Douglas
  • High School: Quincy
Location and General Information
  • Latitude: 39.918709
  • Longitude: -91.403453
  • Unparsed Address: 727-729 MONROE Street
Property Information
Interior Features
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 4
  • Grid: 47
  • Num of Baths: 5.0
Exterior Features
  • Fencing: Fenced
  • Patio And Porch Features: Porch
Utilities / Equipment
  • Sewer: Community Sewer
  • Water: Public
  • Other Equipment: Ceiling Fan(s), Water Heater-Gas
Property/Lot Information
  • New Construction YN: No
  • Lot Dimensions: 40x94
  • Total # Units in Building: 5.0
  • Construction: Stone, Vinyl Siding
  • Roof Type: Metal
  • Building Area Total: 4000
  • Property Sub Type: Residential Income
Property and Assessments
  • Documents Available: None Available
  • Documents Count: 1
  • Public Document Count: 1
  • Document Date: 2025-06-18T15:00:08
  • Photos Count: 7
Miscellaneous
  • Road Surface: Paved
Virtual Tour/Additional Media
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Gross Income: $36,660.00
  • Gross Scheduled Income: $36,660.00
  • Insurance Expense: $2,200.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Net Operating Income: $31,692.00
  • Operating Expense: $2,920.00
  • Trash Expense: $.00
  • Water Sewer Expense: $720.00
Unit 1
  • Unit Type Actual Rent: $725.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $725.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $450.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Actual Rent: $625.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4

Property History for 727-729 Monroe Street

DateEvent & SourcePriceAppreciation
Dec 30, 2025

Closed

MRED #12396761

$240,000—
Dec 30, 2025

Closed

MRED #4264413

$240,000—
Dec 30, 2025

Pending

MRED #12396761

—
Dec 21, 2025

Hold

MRED #4264413

—
Dec 17, 2025

Price Change

MRED #4264413

$259,000—
Dec 1, 2025

Pending

MRED #4264413

—
Dec 1, 2025

Active Under Contract

MRED #12396761

—
Dec 1, 2025

Active Under Contract

MRED #4264413

—
Nov 30, 2025

Withdrawn

RMLS ALLIANCE #QC4264413

$259,000—
Oct 22, 2025

Price Change

MRED #12396761

$259,000—
Sep 8, 2025

Price Change

MRED #12396761

$269,000—
Aug 6, 2025

Price Change

MRED #12396761

$289,000—
Jun 17, 2025

Price Change

RMLS ALLIANCE #QC4264413

$289,000—
Jun 17, 2025

Price Change

RMLS ALLIANCE #QC4264413

$269,000—
Jun 17, 2025

Price Change

RMLS ALLIANCE #QC4264413

$259,000—
Jun 17, 2025

Listed (Active)

MRED #12396761

$299,000—
Jun 17, 2025

Listed (Active)

RMLS ALLIANCE #QC4264413

$299,000—
Jun 17, 2025

Listed (Active)

MRED #4264413

$299,000—
Sep 22, 2006

Closed

MRED #12243437

$49,000—
Sep 22, 2006

Pending

MRED #12243437

—
Sep 22, 2006

Closed (Public Record)

Public Record #1112292853

$49,000—
Aug 15, 2006

Listed (Active)

MRED #12243437

$52,900—
DateEvent & SourcePrice
12/30/2025

Closed

MRED #12396761

$240,000
12/30/2025

Closed

MRED #4264413

$240,000
12/30/2025

Pending

MRED #12396761

—
12/21/2025

Hold

MRED #4264413

—
12/17/2025

Price Change

MRED #4264413

$259,000
12/01/2025

Pending

MRED #4264413

—
12/01/2025

Active Under Contract

MRED #12396761

—
12/01/2025

Active Under Contract

MRED #4264413

—
11/30/2025

Withdrawn

RMLS ALLIANCE #QC4264413

$259,000
10/22/2025

Price Change

MRED #12396761

$259,000
09/08/2025

Price Change

MRED #12396761

$269,000
08/06/2025

Price Change

MRED #12396761

$289,000
06/17/2025

Price Change

RMLS ALLIANCE #QC4264413

$289,000
06/17/2025

Price Change

RMLS ALLIANCE #QC4264413

$269,000
06/17/2025

Price Change

RMLS ALLIANCE #QC4264413

$259,000
06/17/2025

Listed (Active)

MRED #12396761

$299,000
06/17/2025

Listed (Active)

RMLS ALLIANCE #QC4264413

$299,000
06/17/2025

Listed (Active)

MRED #4264413

$299,000
09/22/2006

Closed

MRED #12243437

$49,000
09/22/2006

Pending

MRED #12243437

—
09/22/2006

Closed (Public Record)

Public Record #1112292853

$49,000
08/15/2006

Listed (Active)

MRED #12243437

$52,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 727-729 Monroe Street

Taxable ValueLand$1,810Additions$27,330Total$29,140
Tax Record2023$1,928 ($161 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyADAMSAPN233175600000

Schools near 727-729 Monroe Street

This home is within Quincy School District 172.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 1
Rating
School
Distance
Monroe Elementary School
PublicK to 5

Quincy Jr High School
Public6 to 8

Quincy Sr High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Bower & Associates, Inc., REALTORS

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.